South Korea’s Financial Services Commission is preparing guidelines that would end a near-nine-year ban on corporate cryptocurrency investment, while excluding dollar-pegged stablecoins such as Tether’s USDT and Circle’s USDC from permitted holdings. The decision was confirmed at a March 5 government meeting, Herald Kyungjae reported, citing an unnamed FSC taskforce source who described it as “the decision is final.”
Under the proposed guidelines, holdings would cover non-stablecoin crypto assets only, effectively barring USDT and USDC from permitted holdings. The policy reflects a calibrated approach that allows investment in cryptocurrencies while maintaining safeguards around dollar-pegged tokens.
The move represents a shift in Korea’s crypto regulation, potentially influencing corporate treasuries and institutional investors looking to diversify exposure. Policy details, including eligibility and risk controls, are still to be finalized.
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